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monopoly .... they feel there is no death them..... pity

I like it that yoy always post

great

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One problem I see with currencies (especially cryptocurrencies) is the constant price fluctuations.

So I've been thinking about how you could design a currency that has a near constant value.

So what makes the value of a currency fluctuate. Well I would argue that it is supply and demand just like anything else. So to have a stable currency, you need to balance supply and demand at a certain level.

If the currency becomes overvalued more people will want to mine it, increasing the supply and putting downward pressure on the price.

If the currency becomes undervalued less people will want to mine it, limiting the supply and putting upward pressure on the price.

The key here is the time, if you allowed people to do it faster it would increase the supply too fast creating hyperinflation.

Bitcoin is solving the problem of inflationary currencies.

Lord Bitcoin.

No just Cryptography... and Free Speech.
https://en.wikipedia.org/wiki/Cryptography